them, it's a stock you can own here very cheap. >> adobe also unusual activity, judge. i bought that today. >> how long will you hold it? >> this one probably less than two weeks. >> options or equities? both. >> built p, putting the past behind them. have a great rest of the day. power starts now. halftime is over. "power lunch" and the second half of the trading day starts right now. >> good afternoon. welcome. one hour, one hour only until the latest fed decision, a terrible g democratic p reports, but earnings are coming in pretty solidly. which is the better indicator? which one can you make money with? >> it is the last trading day of april, a bitter cold day here, lots of storms in the south. it has been a volume -- should you sell in may or stay and play? plus a new report say china will

overtake the u.s. -- is it time to shake up your investment strategy? and apple, floating another i-bond. should you buy it? or are you better off in u.s. treasurys? or is buying apple stock the better move right now? we're going to lay out the pros and cons of each of those three options. first, though, to sue who is here at headquarters today. hi, sue. >> good to see you, ty. you mentioned the fed's latest decision comes out in just under an hour from now, but earnings and the economy of front and center for us. an important read on jobs ahead of friday's employment report. pride sector employers adding 220,000 workers in april, that is the highest since november. it is above estimate. but it's the latest gdp report that has many asking questions. the u.s. economy slowing in the first quarter to one of the weakest paces in the last five years of the recovery, rising. part of it is the fridge illustrate weather appears to hamper business investment and

weakness overseas. despite this, though, earnings have been pretty decent. we're more than halfway through the reporting season with 69% having beaten estimates. 22% have missed their expectations. so let's talk about this. which one should you believe? earnings or the economic data. bob pisani is here, steve liesman is with me. >> i believe bob pisani. >> and i believe you as well. make your case. inl going to make both of you make your case. >> economies like the u.s. don't stop on a dime. first of all, i think part of it will be revised up, but i also look at the earnings reports for make rho calls out there. you see a lot of stuff in will one company writing the extreme weather caused expenses to go up. simple things like snowplowing. also things come out and these company earnings have been reporting about the weather quite a bit.

>> absolutely. >> here's the key. what we have seen in the march and april data is very predictable to what you would think if you were snapping back from a weather-related weakness. >> and one of the worst winters on record. >> we see it in some of the earnings reports, some of the things being said, and i think we'll see it in the friday report as well. >> bob, do you agree with that? the earnings bar, though, was pretty darn low this time. >> it was literally zero for the first quarter and it's been getting better. in that sense there's good news, but it's still pretty anemic. earnings growth for the first quarter is 1.7%. it was zero before, so it probably will end up around 3% still. sue, this is the weakest earnings number growth we have seen in about two years. all right. it's getting better. last year 2% numbers, but still well short of the 6% revenue growth we saw p. seven, eight years ago, so i don't want to make too much of this. >> hey, bob -- >> hopefully we'll see it in the

second quarter. >> can i show you another way to like at it inflays real growth, earnings were 1.7, the earnings have done better than the economy, okay? so what you would look for if we're going to do as make roe advisers reiterated today, 3 1/2 real in the second quarter, you can look for an acceleration of, if they just do their normal piece of the pie. >> they're getting better because of the relentless cost cutting and slow improvements, a 2% product activity growth every year, that helps the bottom loon. >> the "fast money" guys are behind us trying to get through. hang on one second. ty, over to you. how to req size the opposing data from strong earnings growth? but gdp well below expectations. which do you believe? earnings or gdp. which ones do you give herrier weight as you try to make your

investment decisions? answers from dan greenhouse and kenny policy carcari. how concerned are you about the flattening of corporate earnings growth? if it's 1.7%, that's better than zero, but it ain't good. >> no, it's not good at all. quite frankly it hasn't been good for a few years now. it's been good enough to help drive the stock market higher, but it certainly isn't good. what the higher stock market has shown us is good enough is indeed good enough. to your first question, gdp is quite important, has affects on how much companies earn, but what drives stock prices higher is earnings. >> boy, i agree with that. kenny, are earnings growing -- and is the economy growing fast enough to justify a dow jones industrial average that is within shouting distance of an

all-time high? >> you know, we've had this conversation going back and forth. i do agree that earnings are the numbers that individual investors look at, but i think the market is well ahead of itself because of other reasons. i certainly think that central bank action whether it's the fed has certainly helped equity prices around the world, and certainly in this country, which is would we're always see nervouses in around every time janet yellen has to speak. will prices come in to reflect the reality of where the economy is? i think that's what we're looking at. the question about what's more important, i agree with dan, it's certainly earnings. the individual investor buys what he likes and what he knows, right? gdp could be complicated for a lot of people. they want to buy what they know, so earnings is what they pay attention to. >> sin kenny brought up the idea, there's a fed meeting at 2:00, do you have any view that this very weak gdp number will in any way influence what the

fed does, doesn't do or says at 2:00? >> the answer is absolutely not. ultimately gdp is a backwards-looking number. because it was unquestionably terrible, it doesn't tell us anything that we doesn't already know. that's that the first quarter was terrible. just as steve talked about before, the march data, the april data, whether it's on the make rho side of things with the chicago purchasing index or the minor or mike error in terms of companies saying on the ground april looks better, we know that q2 will be better and q3 should be better still and ultimately that will watch away the weakness. >> how do you figure in the chinese economy and potentially being bigger than ours as soon as this year? >> listen, i've been on the opposite side of that argument. a lot of people have been so concerned about china china china, they were going to be the catalyst to take us down. i think it's well overdone. i think it's not nearly as bad

an everyone has been talking about. people have not been talking bad about china, in fact parts of china, some companies reported parts of have actually been helpful, so i think it will be an interesting dynamic. i for one look to see how they'll come out with that. >> kenny and dan, thank you very much. we have to leave it there. we want to take you out to california to the facebook developers conference where mark zuckerberg has just taken the stage. we're going to be monitoring what he says. he says move fast and break rules i believe is what the bottom part says there. morgan brennan is watching it all, and will report the highlights as they happen. let's send it over to dominic chu for a market flare. chesh out what's happening to w.w. granger. the company is increasing its quarterly different by 16% to 1.08 or per share, and also authorized a $10 million

buyback. banking bombshell today, is this the end of too big to jail? reports out there that federal prosecutors are preparing criminal charges against two major banks, sandy weil on cnbc weighing if on there the kate kelly has more on what this could mean for those big banks hi, kate. >> a very big story that that -- the issues are involved in different, alleged money launder that bnp did for rogue nations, and the use of tax shelter at credit sweet for wealthy american clients. the potential charges, which would be some of the first against major financial firms are stirring up big questions about whether large banks are too big to jail after comments the attorney general made last year suggesting that consequences of indieding big banks case sis stemmic risks. asked this morning on "squawk

box", sandy weill touched on the sensitivities involved. >> i would say maybe the u.s. attorney's office is saying these things to get a good resolution of the problem without it going to court. and without it having to do that, or doing the criminal part in a way that it doesn't really affect broad-based business. they're also talking about a foreign institution that doesn't do all the businesses in the united states. >> weill's comments record that they're working to mitigate the broader impact of potential indictments which got a bad name after essentially bess a deathblow to arthur anderson a dozen years ago. in the case of b in the meantime p, officials from the u.s. attorney's office in manhattan are coordinating with the new york fed and department of financial services to ensure a potential criminal charge is carefully handled. if bnp pled guilty, they would

be more likely to freeze its abilities to clear transactions in dollars for a time which would be a tough blow for doing business in new york and in the u.s. in general, than to revoke its banks charter which could have a worse impact than the dollar-clearing issue. >> is there any irony here that both of the banks are non-u.s. banks? is that an accident? >> there's absolutely a lot of irony, tyler. i'm not making light of issues, money laundering for rogue nations many people consider to be tantamount to terrorisms and the tax shelters has been out there for a number of years. not meat light of them, but they're not u.s. domicile banks and there continues to be a lack of indictments of either individuals or banks especially connected to the housing crisis. the justice department has engaged in settlement talks. so there have been consequences, but this fear of corporate

indictments, the recent example is really s.a.c., the hedge fund which is operating as family office, with only slightly diminished capabilities, so i think there's a feeling especially in the u.s. attorney's office that they need to get tougher. >> kate kelly, thank you. >> thank you. north carolina feeling the effects of a massive spring storm. in cumberland county, floodwaerds, the water is so high it flooded cars and homes. that's a bad day right there. it looks like more is on the way for the northeast. weather channel's carl parker has the latest. >> well, we have seen tremendously heavy rain along the gulf coast today. that rain is slowly moving along toward the east. here is the radar picture, still a heavy rain threat. it is getting better in pensacola. that's also lowered the severe weather threat farther northward in parts of alabama and central georgia, but to the north it's

going to be warm and humid today. we'll get plenty of sunshine in the carolinas, storms are beginning to fire up. this is going to be an area to watch. we have tor:con values of 6 out of 10, as well as into the central and eastern parts of the carolinas. that means a 60% chance of a tornado in a 50-mile radius, looking at specific cities and timing, we're thinking it will be primarily through the afternoon and evening. and 5 out of 10 in columbia, south carolina. could be a very busy asp in the mid-atlantic region and parts of the southeast. back to you. carl, thank you very much. twitter shares better than 10%, getting crushed. the ceo speaking to cnbc about the three things he's focusing on now to grow that social media giant. general electric's ceo also speaking with cnbc today. how confident is he about that $17 billion alston deal?

and what will it mean for investors. check out our newsroom. we're ringing the closing bell today in celebration of our 25th anniversary. there's the podium. cnbc 25, you can see it there. it's a terrific moment for our company and also for you, our viewers. we wouldn't be here without you. we're back after a quick break. . (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody.

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welcome back to "power lunch." check out shares of boeing. boeing currently up to session highs, about we'll call it half a person. ryan air, with the world's laster customer there, trading up as well. shares of twitter under extreme pressure. the stock is now down, though revenues doubled in the second quarter, the number of people who joined the social network did not increase as quickly as many had hoped. the stock is down 10% since the ipo back on november 6th. twitter's ceo was on "squawk box" this morning talking about his strategy. >> i'm focused on three things -- ground, the second and third are absolutely in receives to steadily improving margins,

steadily xwrochb margins as a high growth company, what i want to make sure we're doing is not starving the growth engine while constantly focusing internally on getting better at operating efficiency and operating leverage in service to margins. >> how does it compare to rival facebook? facebook has five times more monthly active users than twitter, and reported ten times more profits in the first quarter than twitter. how do their stocks compare? well, over what has been admitly a volatile month twitter is down almost 20%, facebook down about 3%. >> interesting stats, an interesting report from twitter last night. ge get a preliminary for 13.5 billion in cash, and if the deal goes through, it would be the largest acquisition under jeff immelt's watch. earlier today, cnbc had a chance

to speak with mr. immelt, and mary thompson has the highlights. hey there, tyler, when we spoke tole deal would be approved and shareholders, despite the outcry from a number of france's top politicians about the bid. >> we've done a lot of deals in europe over time, and we're pretty experienced, so i think we have a good offer and i think it will be executed. >> buying the thermal and grid businesses would be the most significant. it will further cut its reliance on earnings from the finance arm. ge experts that three quartz of the proofs could come from the industrial businesses, the rest coming from finance. ge also expect to cut costs in the first five years once the deal is approved. i think it's an acquisition that's very consistent with our

execution stills, our ability to buy synergies, it's in a market we understand. i think it has relatively low execution risk for investors. >> sue, alston can consider unsolicited bids. rival siemens is expected to sweeten an earlier interest and alston says it would give information that it might need to make a binding offer. this has been marked by an ongoing transformation to focus ge on higher growth industrial businesses. recent reports say he may be leaving before the mandatory retirement age of 65 or seven years from now. we asked him if this paves the way for his exit. >> i think i've got a fantastic company. i love the way we're positioned. there will be a right day for a transition to ge, but that's not today. >> not today, sue. that's the time they have to decide whether or not they want to give the final okay to this

bid. back to you. >> i think jeff's going to be around for a while, mary. thank you very much, mary thompson. for the first time in three years, facebook is hosting the fa-8 conference, and we'll go live to san francisco for the headlines. shares right now of facebook up 1.7%. that's ahead. plus -- coming up power pitch go ahead trendy with a start-up delivering designer denim right to men's door does that steps. >> i think this could be the perfect product to eradicate dad jeans. >> will these jeans be a good fit. >> are you in or are you out? on mott & bow. >> stay tuned to find out. tuned new york is ranked #2 in the nation for new private sector job creation. and now it's even better because they've introduced startup new york - dozens of tax-free zones

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to find the right tires for your vehicle. get up to $120 in mail-in rebates on four select tires when you use the ford service credit card at the big tire event. see what the ford experts think about your tires. at your ford dealer. we give entrepreneurs 60 seconds to make the pitch and or panel of experts decide whether or not they have what it takes to become the next big thing. >> usually we have three or four jeans and you really wear them. you can wear them at day, night. i want to help guys solve the problem we have in that we hate going shopping. i want to deliver that convenience at home, at a fair price. hi, i'm al hando, founder of mott & bow. a men's brand offering premiums

jeans at an unheard of price. average price points are around $it 00. that's a lot of money. we offer a premium jean at a fraction of the price. we focus on the components that matter. superior denim and the hand crafted dry and wet finishes processes. with the evolution of e-commerce, we can reach the consumer directly. think of it, we don't like to go shopping. we find something we like and stick to it. when buying jeans, usually decide wsh offering an additional size for free. shipping is us on both way. we preprint the return labels. premium jeans conveniently at your door, and by the way, they're $96. >> welcome, i'm dominic which you. joining in is the founder of mott & bow. on our power pitch panel is

angel investor difficultia gugnani. she started send the trent. she started her career on wall street, and worked investment banks, and also on the panel we have carson kressley, you may recognize him from bravo's choir eye for the straight guy. he's a fashion desirer. you are now in the hot seat. so our viewers know we all ordered and received these mott & bow jeans so we could get a feel for the product. divia, the first question goes to you and these jeans. >> i really like the product quality, that the jeans were fantastic, on point, great customer experience, but how are you going to scale? you have very limited skus. how do you drive customer acquisition? >> a few ways, one in media placement, such as the show

here. the other we're doing direct sales at offices, so we put money where things are working. >> carson, you, what do you think about the jeans? and what's your big question? >> i think denim, first of all it's about fit, how they make you feel, and probably no other mens wear product is about sexyness. but my question is, how are you going to get the word out there and what is the sizzle that's really going to sell the steak? i think denim more than anything there needs to be some extra cachet. >> word of mouth is key, we want a happy customer all the way. once a customer receives that product, we believe he'll tell his friends because we're focused on the quality, the design. simplicity is our mantra. >> i do know that you're in a very commodityized space. levis on one end, then the diesels and ags on the other

end. what do you do differently that makes your system economically viable. >> we think there's a real market for $90 jeans that the consumer feels great about. so that's what we're going after. we're building a great brand. we want our customers to feel there's an aspirational value erchlts you hearty what he had to say, the question is, are you in our out? >> i really like the product quality. i love the customer experience. i think the packaging is completely on point, very friendly shipping policies, all good customer friendly stuff, but ultimately i think with limited skus, product, it's going to be very difficult to scale, really different to drive meaning much, and distribution will be a key challenge if you're going to be online, so for that reason, i'm out. >> carson, how about you? in or out? >> you know, i do think that there's a space where guys

really need help dressing, and i think this could be the perfect product to eradicate dad jeans. they sometimes have pleats, near acid washed, so i believe in the product, and i think it's about getting the message out there, about how great they are, because people need to find the site, the product. so i think i'm going to say i'm concerned, but i'm in. >> all right. you're in. that's one in, one out. what i do like about this is the mid price point. that means you can get people who want to trade up and try out premium jeans, or you get the trade down, which puts you in the sweet spot. $96, i don't know about the economics behind the manufacturing, but from a consumer standpoint, i would say that i'm in. so that's two ins and one out. al ha al hand rho. what do you think?

>> we'll prove you a different mentality in the future. >> all right. so thanks so much to our panelists diviya and carson. that's the power pitch. i am snug in my jeans up to my nipples. we want to hear from you. are you in our out on the start-up? log on to powerpitch.cnbc.com or follow it on twitter with the #powerpitch. >> oh, ty, ty, ty. facebook's developers conference is under way in san francisco. ceo mark zuckerberg delivering the keynote speech. shares of facebook of up about 2%. morgan brennan is live on site with the latest. over to you. >> reporter: hi, sue. right out of the gate when mark zuckerberg got on stage, saying he's focused on building a stable mobile platform, but my count used the word stable like a dozen times in the first ten

minutes, talking about building a new cross-platform platform. no news, no announcements, no new information on this much anticipated mobile ad network. the big news, new log-ins stream did not lines data for users, so they don't have to share as much and not afraid, quote, of the big blue button. breaking news, this time regarding internet reels. seema? >> wheeler responded strongly to fears about new -- quote, report that we are gutting the rules are incorrect. in a notice circulated to fellow commissioners on the topic, wheeler seeks input on the optimal ways to protect and promote the open internet with the goal to quickly put together legally enforceable rules. wheel i says it won't let the internet be divided and that

it's time for workal open internet rules. he does say right now, all options are still on the table. tyl tyler. seema, thank you. check out shares of underarmour, montgomery is upgrading this stock with a $55 price target. that stock up about 5.5%, sue, toward session highs. back over to you. >> dom, thank you very much. we are really very close to the fed meeting which takes place at about 2:00 p.m. eastern time, and as a result we'll be handing it off to "street signs" a bit earlier. ahead of that, we wanted to show you the bond market. we've got kind of been sitting still today, because everyone wants to know what the fed is going to do. the yield on the ten-year has stubbornly stuck. that's your bond market report. you're you will to date on interest rates. apple today, sue, but which slice should you take? we have rim, steven and dom

standing by to break down the i-bond verse treasuries versus apple stock. if you want yield, which is the better slice to bite. we'll be right back. we'll be rie financial noise financial noise financial noise financial noise it's called truecar. and truecar users... save time and money. so when you're... ready to buy a car, make sure you... never overpay. visit truecar.com today.

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the i known maker selling $12 billion in debt of varying maturities at interest rates comparable to the u.s. treasury market. we're going to explain the difference between i-bonds, and steve is going to explain with the help of the eagle the difference between apple's bonds and u.s. treasurys, dominic chu will break down the stock. ricky, we're going to start with you. go to it. >> how exciting. all right. the i bonds. last year timing was the negative. $17 billion was the record. it's the apple 240 couple. remember what happened? we saw yields move up 100 basis points on treasuries. so here's the way it lays out.

it was 5.5 billion currently trading at a price of 93 cents on the dollar to yield 330. when it was originally offered a year ago, roughly, it was when issued 75 over. if you look at 330 and round out the ten-year yield. it's 60 over. that means it's tightened 15 basis points. we could lop off ratings, because the ratings hasn't changed. it priced it 77 over, very much related to the 75 over. in my opinion, i think it's a great buy, and i'll tell you why, diversification with regard to your portfolio, but maybe even more important, it has shown us during stressful times, when treasury yields moved up, it performed, it actually overperformed. if i was an investor, i would consider buying some i-bonds. sue? >> that's an endorsement. >> wow. >> i know, right? >> energy, intelligence all

wrapped up into one. >> now apple's bonds versus the u.s. government. >> we really shouldn't do this. really what we're doing is the 80 base points over, is that good risk or not okay. apple versus the united states government, 346 on the ten-year rate, 266 for u.s. government paper. estimated one-year growth according to analysts 6.1%. victory to apple. ten-year compound growth, 39% on revenue for apple, 3.2% for the u.s. government. victory to apple. why are we paying a higher yield for apple? let's keep going here. surplus, u.s. government, 500 built ondeficit. victory to apple right there. now we're into a place where i've got to go to the blue pen. >> got to change colors. >> to be fair, apple has total

global revenue to draw from, but we're going -- now we get to why there's risk, okay? what's the revenue source? apple has to sell i-stuff, ipods, ipad, we don't know what is coming in the next couple years. the government gets to draw from taxation, and of course ah the printing press that apple doesn't have. the u.s. government remains the risk-free rate. the question is that 100 basis points, it seems like apple is pretty good, but you have to make sure you'll be able to sell lots of i-stuff to generate the revenue in order to pay the bonds. >> steve, thank you very much. look at apple stock just over the past year, it's up about 35%, a darling of market for quite some time now, though it did get hit when a lot of other tech stocks got hit. we pose the question now to dominic chu, who i join here, should you buy the bond? should you buy the stock? you're taking a look at the

stock side. >> first of all, i spent my formative years watching steve liesman and rick santelli on their respective boards, so i'm in awe, but here's our walk. you heard them talking about the 3.5% yield for apple i-bonds. compare that to the 2.3% apple dividend yield. that's interesting here, right? you still get paid with apple stock. there's risk still, for every one share you own, you're going to collect a check for $13.16 every sing the year. now, tack a look at this, though. apple is a solid, solid company. it may not be the u.s., like steve said, but still only $17 billion worst of long-term debt versus $120 billion worth of shareholder equity.

that ratio is very, very small, means it's less risky. better than a lot of g-7 countries out of there, by the way. and the overall picture, over the last two years, it's relatively flat, which means it hasn't gone up our down all that much, but still if you look at the overall picture, it has a decent-sized return, if you look at the longer-term picture and come down to just what's happening now, this is interesting. we're up 6.5% year to date. it's a market leader. if it gets those products, like steve just mentioned, you could see capital precious for the stock, so you get the opportunity for up side, that may be why some investors want to look at apple as a stock investment as opposed to just the bonds. >> that was terrific. three great kind of perspectives on where you should put your money. ty, over to you. >> i think if i could, i would buy the stock. but anyhow, that's just me. cnbc's first 25, the leaders

who we think have had the most profound impact on business and financial in the past quarter century. why did entrepreneurs dominate the list? what key traits helped them to succeed? er eric is standing by. we are ringing the closing bell today, 4:00 p.m., in celebration of our 25th anniversary. we're making our final preparations ahead of that. it will be fun. ♪

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have been there for america. fannhelping millions realize [ male announcer ] great rates for great rides. their dreams of homeownership. and when fannie mae and freddie mac needed help, america was there for them. today, fannie mae and freddie mac celebrate payment in full to taxpayers. together, we've created one of the greatest comebacks in our nation's history. so, let's preserve and strengthen fannie mae and freddie mac. because without them there really could be no place like home. the leaders are diverse, but they all have some key traits which helped them succeed. joining us with a look, is the editor in chief and so much more at inc. incorporated.

what a fascinating piece, eric, which you can find on cnbc.com. you know, eric, you at "inc." follow the entry prior neural spirit in culture like no other publication in the country, but what stood out i thought was how many of our top 25 actually failed at one time or another. >> yes, behind every entrepreneur there seems to be a comeback story. jack bogle, martha stewart, steve jobs, they hit bottom before they rose up to the top. >> if you can't handle adversity as a business owner. >> and you shouldn't etry. it was the thing that gave them wisdom or humility and allowed

them to get better. both bogle and steve jobs said getting fired is what made them successful. >> that very vivid image that you describe in your piece of steve jobs in the fetal position on his partially furnished home or apartment in silicon valley after he lost his company. rupert murdoch almost lost his company to bondholders of his firm. larry ellison and oracle, he had his dark moments. >> that just seems to be part of the journey. howard shultz lost his company, too, and came back and took starbucks over. in a way, that's the way it has to be. it's a very hard course to be an entrepreneur. there are no owner's manuals, no step by step guide. you will fail and you have to learn from it. >> i don't mean to get dewy-eyed, but a country like american whose hash past time is

baseball, where the best hitters fail two out of the three times, we almost celebrate failure, we forgive it unlike other countries, if you fail, you bow down and are in disgrace forever. >> you can get dewy-eyed about that. that's a tremendous competitive advantage. yes, we reward our entreprene s entrepreneurs, pretty good at supplies capital to promising ventures, but the thing that makes a difference is we let people fail and come back. >> almost failure can be a badge of honor for some of our business heroes, right? >> that's true. >> maw you have only success. >> or may i learn from my failures. >> good enough. thank you very much. dominic chu. >> i do know that exxon mobil is coming off its lows. the yield is now about 2.7% in terms of the different yield.

the stock is currently like you said up toward session highs, back over to you, sioux. >> thanks, dom. an upgrade for one salt and specialty fertilizer company. we'll tell you which one when we come back. come back. the building is, or how ornate the halls are. it doesn't matter if there are granite statues, or big mahogany desks. when working with an investment firm, what's really important is whether the people behind the desks actually stand behind what they say. introducing the schwab accountability guarantee. if you're not happy with one of our participating investment advisory services, we'll refund your program fee from the previous quarter. it's no guarantee against loss and other fees and expenses may still apply. chuck vo: standing by your word, that's what matters the most.

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glue check out the yahoo finance question of the day. gdp came in way below expectations. how are you measures the health? 8:00 -- 20% say jobs data, and of 5 say a combination of all three. all right. shares of the water infrastructure company trading up. compass minerals upgraded. the firm increasing the price target to $99 from $76, shares of the special fertilizer maker, and marriott is higher as well. notes strong room rates and a rise in occupancy. that has the stock up 1.7%. ty, not a bad move. i hope you will all join us at 4:00. it is a celebration to be with

you. you've been here almost since the start. >> that's right. >> congratulations. >> and i love it. thank you very much. that will do it for "power lunch." let's see what's coming up on "street signs." >> good es what? the economy stinks. what's the fed going to do and say about it? we're going to find out today. it's all starting five minutes early. also, whatever you want to say about donald sterling, you can't say he won't -- why the clippers and what they're really worth. we're starting five minutes early. a special edition is up next. some financial guidance ud so she could take her dream to the next level. so we talked about her options. her valuable assets were staying. and selling her car wouldn't fly. we helped sydney manage her debt and prioritize her goals, so she could really turn up the volume on her dreams today...and tomorrow. so let's see what we can do about that... remodel. motorcycle.

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we'll listen. we'll talk. we'll plan. baird. welcome to this special edition of "street signs." why is it special, you might ask? because it is fed day. just minutes away from the latest policy statement. the key questions everybody wants to know after that the soft gdp number, whether the american economy is actually weakening and what the fed chair plans to do about it, mandy, if it is.

it is still down, and we'll keep an eye on that. let's look at what they're doing. the 30-year at 3.47%. take out your pencils, write down what's happening, as the s&p is very slightly to the up side. and as always, folks, on these fed days we have collect add small group of people to have you make sense. they are both in tv land, but here on the said jpmorgan funds.

we are expecting a quiet fed statement. we're expecting no dissents. so as we look at they numbers, a lot of the change will likely be in the economic outlook paragraphs. we are probably going to see some slowdown in housing, but that's about it. >> what about you, david kelly? what does it mean for stocks? >> when you have the ten-year as you mentioned, we have the s&p close to an all-time record high, the economy is weak, but it's crouching for spring. there's too much crouch and now enough spring, but we think it's coming back. >> the question as a follow-up is whether or not the current growth we are seeing in the economy actually is justified when you look at the values we see out there in the stock market. >> i think so. earnings are going up, and this is a very weird quarter from a data perspective. we think the economy is jumping to about 3%. >> i thought it was a good report and i will argue why when

larry kudlow comes on in a few minutes. jack mcintyre tell us about the fed. >> i wish i could provide fireworks, but i think it's going to be a bit of a nonevent. they're going to reduce it, and we'll move on to friday's -- >> c'mon, this is tv land. we need an event. steve liesman? >> i think the first line a what i care about. lost time they had the economy slowed. we'll see if that's repeated, see if there's any other concerned in there. less some debate whether it's all weather, or is it something else the two areas i'm most concerned about are housing and cap ex. brian, you're bet out of the shape, why?

>> i took the redeye, so i'm exhausted. but listen, canada is growing faster. the last time i checked, they had winter, too, in fact the entire country versus just a small aspect. you get my point. are we overdoing this doinggone weather thing, david? >> i think the federal reserve is not managing the housing recovery as well as they should, but it's mostly weather. even if you get a spring in the economy, 3% growth is enough to get us back to full employment. >> it's interesting you mention housing, we were discussing this a moment ago, that is that reifies -- however, they were artificially inflated. >> that big is gone, because rates will move up from here. >> steve liesman, a couple things to look at, jack, anicka, the dow is up just 20 points, with a yield on the ten-year,

you like to mark these things down. >> that's why i have my highlighter here. 2. 62% for the ten-year, watches this, folks, seconds away from the fed decision. >> yeah, i think you should get a difficult color. we have four seconds. >> another $10 billion taper announced unance mussily today, the committee said economic activity has picked up lately with bad weather, consumers spending has picked up. labor market is continuing to improve, those signals remain mixed. given that, the federal open market committee said it would maintain low interest rates, the low federal funds rate in the current target range for a considerable period of time after asset purchases, and it also said that they expect that barring unexpected information, they would continue further measured steps in tapering federal asset purchases, guys. >> thank you very much